OpenGate Capital makes investment in InRule technology

LOS ANGELES, October 13, 2022–(BUSINESS WIRE)–OpenGate Capital, a global private equity firm, today announced that it has terminated its investment in InRule Technology®(“InRule”), a market-leading intelligence automation platform, through a sale to Pamlico Capital. Financial terms were not disclosed.

Based in Chicago, IL, InRule provides integrated decision-making, machine learning, and process automation software that empowers IT and business leaders to make better decisions, faster, operationalize machine learning and improve complex, mission-critical processes.

OpenGate’s initial investment in 2019 marked InRule’s first institutional fundraising. Over the past three years, OpenGate has supported significant product and go-to-market investments while partnering with the InRule leadership team on a buy-and-hold automation thesis. -build, resulting in two highly strategic complementary acquisitions. These acquisitions have enhanced InRule’s platform capabilities, expanded its geographic footprint and strengthened its leadership position in business automation.

“Automation is becoming increasingly essential for effective corporate governance and profitable decision-making, and InRule represents just how powerful this technology can be,” commented Andrew Nikou, Founder and CEO of OpenGate Capital. “The investment in InRule is a great example of our strategy in action through the integration of thematic sourcing, thoughtful M&A and operational value creation,” he adds.

“InRule has been an outstanding partner over the past three years, experiencing strong growth in products, customers and revenue,” said Rob Young, a principal at OpenGate Capital. “It was a pleasure to work with Rik and the entire management team through multiple acquisitions and operational improvements. InRule’s people and products are world-class, and I look forward to the next chapter in the company’s continued success,” he added.

InRule Co-Founder and CEO Rik Chomko added, “It has been truly rewarding to partner with OpenGate to transform InRule by delivering an expanded portfolio of mission-critical solutions for our customers. Building on the momentum we have built over the past few years, I am excited to begin working with Pamlico Capital as we continue to build our capabilities and continue our growth story.”

Raymond James acted as financial advisor and Massumi + Consoli LLP acted as legal advisor to OpenGate Capital.

About InRule Technology, Inc.

InRule Technology is an intelligence automation company that provides integrated business intelligence, machine learning, and process automation software. By empowering IT and business managers to make better decisions faster, operationalize machine learning, and improve complex processes, the InRule® intelligence automation platform increases productivity, drives revenue, and delivers exceptional business results. More than 500 organizations worldwide trust InRule for their critical applications. Since 2002, InRule Technology has delivered measurable business and IT results. Learn how to make automation accessible at www.inrule.com.

About OpenGate Capital

OpenGate Capital is an international private equity firm specializing in the acquisition and operation of businesses whose goal is to create new value through operational improvements, innovation and growth. Founded in 2005, OpenGate Capital is headquartered in Los Angeles, California, and a European office in Paris, France. OpenGate professionals have the essential skills to acquire, transfer, operate, build and grow successful businesses. To date, OpenGate Capital has completed over 30 acquisitions in North America and Europe. To learn more about OpenGate, please visit the following site at www.opengatecapital.com.

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contacts

OpenGate Media – Contacts

Prosek Partners
Email: [email protected]

Alanna Chaffin
Head of Investor Relations and Communications
Email: [email protected]
Telephone: +1 310-432-7000

OpenGate – Business Development Contact

rafael baron
Email: [email protected]
Telephone: +1 (310) 432-7000

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